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20100913
20100913
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's collapse and the ensuing crisis led to a new push to make banks safer. in the u.s. a sweeping financial reform bill signed into law in july imposed stricter capital requirements on banks, yet largely left u.s. regulators to determine those levels. now new international standards may be on the way. this weekend in basil, switzerland, central bankers from 27 countries including ben bernanke agreed to new rules that included substantially raising amount of capital that banks must hold in reserve. banks in the u.s. currently must hold about 2% of their assets in capital or equity to absorb losses in the event of runs or financial panics. under the so-called basil-3 agreement the new international standard would be 7% of assets. but banks would have until 2019 to implement it. the head of the european central bank said the move would help protect against another meltdown. >> what we have decided is commensurate to permit when we have all the standards in place to make the banking sector at a global level much more resilient. and i would say we think we are commensurate to the shocks that we
accent. ♪ >> hello. the violence was filled by a tv report ave koran is acquitted in the u.s., but demonstrations and killed at least 18 people in kashmir and have anchor at the indian government. police opened fire after thousands of people took to the streets chanting anti-indian and anti-western slogans. here is the report. >> more funerals, more a year, and more killings. on the most violent day of the violent summer in indian- administered kashmir. once again, tens of thousands of people took to the streets on defiance of a strict curfews. they chanted pro-independence slogans and anti-india. more than 70 people have been shot dead by the police in the last three months during similar angry protests. this time, there was a twist. these demonstrators gathered to denounce reports the copies of the koran had been damaged in the united states. the christian missionary school was attacked. in that delhi, the united states condemned the violence, and anyone in america who insulted the koran. >> i strongly condemn such acts as disrespectful, and tolerant, davis of, and unrepres
by the creator of "the shield." >> i am james. >> yes. >> to everyone making a difference, you help us all live better. >> nationwide insurance proudly supports tavis smiley. tavis and nationwide insurance, working to improve financial literacy and the economic empowerment that comes with it. >> nationwide is on your side >> and by contributions to your pbs station from viewers like you. thank you. tavis: frank luntz is a vessel and author whose books include "words that work" and "what americans really want . . . really." good to have you back on this program. the president. in milwaukee earlier in the week on labor day -- jobs, jobs, jobs. ohio later in the week -- jobs, jobs, jobs. we will come later to the conversation about john boehner. what about this populist rhetoric of jobs? >> i do not understand how he got distracted with the mosque. i do not understand how he does the white house speech on iraq and afghanistan. the american people have to focuses in mind -- jobs and the debt. it is still hard to believe that only 50 days left between now and the election, how things could have gone
%. give us the lowest corporation tax in the g-7. and that is a huge advert in this program, by the way, it is a good low corporate tax environment. >> rose: that's what ireland did exactly. >> and i think now they were able to take it quite a lot further than 24%. but nevertheless, from we're taking it from 28% to 24%. if you think of many people in my situation, many people sitting in a room like this, in faced with a very high budget deficit we would be very tempted to put up business taxes. but because, precisely because i want to give-- given growth and private sector investment and job creation, that i'm actually going in the other direction and reducing business taxes. >> rose: but the president is making in the united states the exact opposite decision. >> every country has got to make his own decisions. and the american administration has got challenges just like the british government has got. challenges. but actually, if you look at, from what i can gather, the u.s. administration is concerned about infrastructure. we've concerned about infrastructure. we're protecting the ca
and that's going to be enormously difficult. >> rose: in u.s. they are not just cutting fat they are cutting to the muscle. >> they are cutting it back in a big way. >> they have to do two things, make the case for paring back and cutting back in public spending without cuting the roots of future economic growth in this country. therefore, focus on your priorities. don't just take out sort of an axe across the whole waterfront of public spending and investment. make sure that as you make your savings, cut down your expenditure, make your economy, do not axe those things on which our future economic growth depend. >> this new government here will be doing some difficult things. and people will be reminded of the fact that the decision makers-- . >> rose: but are you in favor of them doing difficult things i understand. >> i am favor of them doing difficult things but i think it also alters the way you people look at domestic policy. >> rose: i poke to george osborne about these and other issues today in an interview earlier at his office here in london. >> here is that conver
Search Results 0 to 4 of about 5